Business
Group Chairman of First Bank Holdings, Mr Femi Otedola, has defended the company’s decision to take a one-time charge of N748bn to clear legacy bad loans, describing the move as a strategic step toward long-term…
White House crypto czar David Sacks said banks and crypto companies will ultimately merge into “one digital asset industry” once Congress passes the long-delayed market structure bill.The comments came during an interview on CNBC’s Squawk Box on Wednesday at the…
BUA Cement Plc, manufacturer of BUA Portland Limestone Cement and Sokoto Portland Limestone Cement, on Wednesday announced that it has signed an agreement with CBMI to build a new ultra-modern 3-million-ton-per-annum cement line in Sokoto. A statement by the company…
Major listed brewers in Nigeria generated a combined revenue of over N1.54tn from the sale of beer and other non-alcoholic drinks in the first nine months of 2025, indicating the estimated amount spent by Nigerians on brewery products during the…
Key points:Bitcoin is attempting to find support near the $88,000 level, signaling a positive sentiment.Buyers will have to defend the support levels in select major altcoins, or else the recovery could fizzle out.Bitcoin (BTC) is attempting to find support near…
Interswitch, one of Africa’s leading integrated payments and digital commerce companies, has concluded the semi-final stage of the seventh edition of its flagship Corporate Social Responsibility initiative, the InterswitchSPAK National Science Competition, unveiling nine students who will compete at the…
US President Donald Trump used part of his speech addressing the crowd at the World Economic Forum (WEF) on Wednesday to discuss the motivations behind his crypto policies, saying China’s regulatory landscape was a factor. In a Wednesday speech at the…
The Ogun State Commissioner for Forestry, Engr Taiwo Oludotun, has officially opened the Collect Earth and Mapathon Data Collection Training, describing the programme as a vital step towards strengthening data-driven forest governance and biodiversity conservation in Nigeria. The training, organised…
Gold’s record-breaking rally inadvertently put pressure on Bitcoin’s allure, but analysts say historical data shows BTC eventually starts a catch-up rally.Bitcoin’s (BTC) relative performance against gold has weakened sharply, but several analysts argue that this setup remains a long-term investment…
International Breweries Plc has appointed Nicholas Kade as its new Managing Director, effective 1 March 2026, following the transition of Carlos Coutino to a leadership role at parent company Anheuser-Busch InBev. In a statement on Tuesday, IBPLC said Coutino, who…
Bitcoin (BTC) sought a $90,000 reclaim around Wednesday’s Wall Street open as US President Donald Trump pledged to sign pro-crypto legislation.Key points:US President Donald Trump breathes modest gains into BTC price action with his World Economic Forum speech.Pro-crypto legislation is…
The International Monetary Fund has called on governments to rebuild fiscal capacity and keep public debt under control as spending pressures rise. In its 13-page World Economic Outlook update, published on Monday, the Fund urged countries to pursue medium-term fiscal…
Caroline Ellison, the former CEO of Alameda Research, is scheduled for release from federal custody after serving 440 days of a two-year sentence.According to inmate records with the Federal Bureau of Prisons, Ellison is expected to be released from the…
Seplat Energy Plc, a Nigerian independent energy company listed on the Nigerian Exchange Limited and the London Stock Exchange, has commenced gas production from its 300 MMcfd ANOH gas project. The project began supplying gas to Indorama Petrochemical Plant following…
Argentine exchange Ripio is leaning into local currency stablecoins and tokenized bonds as CEO Sebastián Serrano braces for what he expects to be a “lateralized” or down year for crypto in 2026 — but a decade-long boom for stablecoins. Founded in…
Stocks closed higher on Tuesday as the Nigerian Exchange reversed losses from the previous session, with market capitalisation rising by N93.48bn to N106.44tn from N106.34tn on Monday. The All-Share Index also edged up by 144.33 points, or 0.09 per cent,…
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